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refi with second

Started by lotsagems2 , Aug 02 2012 08:52 PM

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#1 lotsagems2

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Posted 02 August 2012 - 08:52 PM

Is it ever possible to refi a first and leave the 2nd in tact as is? Will we still have to meet the current requirement of 20% down?
I have an 80/20 from 2004 - we are underwater and want to try to take advantage of the lower interest rates for the 1st.

#2 jop3

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Posted 03 August 2012 - 06:56 AM

Yes, that's possible. Extra paperwork, more qualifying factors, but possible.
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